JLT Risk Solutions chief executive Mike Hammond has called on....
JLT Risk Solutions chief executive Mike Hammond has called on the industry to become transparent in all areas of business.
Hammond told delegates at the Airmic conference: ”If we were to be more transparent about what the whole industry actually offers to its customers, then we would create an environment where there is differentiation, based on the value of the product or service.”
He said the industry should do a “better job of stress-testing its products” before making them available to consumers.”
To achieve this, he said, greater investment is needed in the proprietary models used in the sector.
